TEHRAN- Iran's Industrial Development and Renovation Organization (IDRO) and Australia’s Avass Group signed a memorandum of understanding (MOU) for the joint manufacturing of electric cars and motorcycles in Iran, the website of IDRO reported.

TEHRAN- Iran exported 46.296 million tons of non-oil products worth $19.318 billion during the five-month period from March 21 to August 22, with 13.7 percent rise from $15.45 billion in the same time span of the past year, according to Islamic Republic of Iran Customs Administration (IRICA).

TEHRAN- Projects related to mining and related industries worth $5.5 billion are planned to become operational by the end of current Iranian calendar year (March 20, 2019), IRIB reported on Monday citing the data released by the Ministry of Industry, Mining and Trade.

TEHRAN- According to the latest announcement of the Public Relations Office of Iranian Oil Ministry all the foreign currency earned from exports of petrochemical companies’ products has been regularly pumped into the Forex Management Integrated System, locally known as NIMA, in a bid to address the country's currency needs, IRIB reported on Sunday.

TEHRAN – Some 3,650 agriculture projects worth 19 trillion rials (nearly $450 million) are going to be inaugurated across the country during the Government Week (August 24-30), IRIB reported on Sunday, citing the portal of the Ministry of Agriculture.

TEHRAN- South Korean trade officials studied Iranian market capacities and their participation in this market after withdrawal of the U.S. from Iran nuclear deal in a meeting with Iranian their Iranian counterparts in South Korea on Saturday, IRNA reported.

TEHRAN – Iran’s Ministry of Transport and Urban Development plans to inaugurate 699 road and transport projects worth 28.7 trillion rials (over €591.5 million) and also €65 million during the Government Week (August 23-29).

TEHRAN- Gasoline production in Iran will be increased by 12 million liters to hit 100 million liters per day within the next three months, according to the chairman of the Association of Iranian Refining Companies.

Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Company (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States.

In an interview with Sputnik, Esproenko International, which specializes in oil and gas services, commented on the situation around the first phase of Washington’s anti-Iranian sanctions which entered into force on August 7.

TEHRAN- Iranian steel producers produced 8.279 million tons of crude steel during the four-month period from March 21 to July 22, with 17 percent growth from the figure of the same period of time in the past year, IRIB reported on Saturday based on the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

TEHRAN- The value of Iran’s minerals and mining exports stood at $3.763 billion during the first four months of current Iranian calendar year (March 21-July 22), according to data released by the Islamic Republic of Iran Customs Administration (IRICA).

TEHRAN- Writing on Twitter, governor of the Central Bank of Iran (CBI) clarified some of the bank’s recent taken measures and adopted policies and also made some promises to keep for improving domestic economy, IRIB reported on Saturday.

TEHRAN- Exports of Iranian goods to the European Union countries hit €6.11 billion in the first half of 2018, increasing 23 percent in comparison with the same time in the preceding year, European Commission press release database has reported.

TEHRAN- In a meeting held at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), representatives of private sector met Amir Hamooni, the CEO of Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), who elaborated on crowdfunding instruction, its requirements, mechanisms, etc.

2018-08-15 18:59

By Ebrahim Fallahi

After more than two decades of negotiations and diplomatic efforts in numerous summits, on August 12 a landmark convention was inked by the presidents of the five littoral Caspian nations – Russia, Iran, Kazakhstan, Azerbaijan and Turkmenistan on the legal status of the Caspian Sea during the 5th Caspian Summit in the Kazakh city of Aktau.

TEHRAN- The CEO of Germany’s renewable energy company, Durion Energy AG, said his company will not stop working in Iran despite the U.S.-led sanctions against the country, Tasnim news agency reported on Wednesday.

TEHRAN- The weight of non-oil exports from Shahid Rajaee Port, in south of Iran, increased by 2.6 percent during the four-month period from March 21 to July 22 of this year compared to the same period of time in the past year, according to the director of Shahid Rajaee Port Special Economic Zone.